Coffee prices increase sharply

The price of coffee on the London market jumped US$42 per tonne from US$1,341 to US$1,383 on June 10 and hit a record high of US$1,473 per tonne on June 11.

The price of coffee on the domestic market also rose from VND24,300 on June 9 to US$25,500 per kilogram on June 11.

According to coffee businesses in the Central Highland province of Dak Lak, the sharp increase is due to the Government’s decision to buy 200,000 tonnes of coffee for reserves and a forecast that consumption will go up during the 2010 World Cup.

VOV

Tags: Vietnam agriculture, Vietnam Coffee, Vietnam coffee prices

Posted by VBN on Jun 11 2010. Filed under Agriculture. You can follow any responses to this entry through the RSS 2.0. You can leave a response or trackback to this entry